Category: News

HFM, a globally recognized broker for multiple assets, has expanded its product offerings to over 3,500 as part of its continued commitment to providing a superior trading experience and diverse portfolio opportunities for its clients.

CFD stocks of new blue-chip assets from the US, Germany, and France have been incorporated into the MT4 platform of the broker. This development enables traders to access the stocks of some of the most demanded and largest corporations worldwide, such as JPMORGAN, BMW, and BNP. Furthermore, incorporating these stocks provides traders low spreads, flexible leverage, and competitive commissions.

According to a spokesperson from HFM, the company's reputation as one of the best brokers in the industry is partly due to its unwavering dedication to expanding its range of products, improving its services, and refining its trading conditions whenever possible. HFM is thrilled to introduce these new stocks to its traders, maintaining the exceptional trading conditions that customers have come to expect.

To view the complete list of available stocks, please visit the HFM website.

About HFM

HFM, formerly known as HotForex, is a brand name of HF Markets Group, an internationally acclaimed multi-asset broker of choice to over 3.5 million live accounts worldwide that has earned over 60 coveted industry awards in its twelve-year history. The company offers a wide variety of account types, innovative products, platforms, tools, and educational resources besides outstanding customer service and unparalleled trading conditions to facilitate individuals and institutional customers to trade Forex and CFDs online.

Thursday saw a stabilization in oil prices, mitigating some of the previous session's losses, following Russia's announcement that OPEC+ does not foresee a need for additional output reductions.

Alexander Novak, Russia's Deputy Prime Minister, characterized the oil markets as balanced. Russia is a member of the OPEC+ consortium of oil-producing nations that earlier this month unexpectedly agreed to slash their collective production by about 1.16 million barrels per day, a move the U.S. termed ill-advised.

Novak stated that OPEC+ does not view further oil output cuts as necessary, but it has the capacity to tweak its policy as required.

Brent crude futures rose by 64 cents, reaching $78.33 a barrel at 1:05 p.m. EDT (1705 GMT). Meanwhile, West Texas Intermediate crude saw an increase of 60 cents, settling at $74.90.

On Wednesday, both benchmarks plummeted nearly 4% as concerns about a potential U.S. economic recession overshadowed a larger-than-anticipated decrease in U.S. crude stockpiles.

Investors are closely monitoring economic indicators for potential signs affecting energy demand.

The U.S. economy experienced a more significant slowdown than anticipated in Q1, although there was a decrease in jobless claims for the week ending April 22, according to data.

An analyst at Price Futures Group, Phil Flynn stated, "There's a blend of signals on interest rates, and the oil market is uncertain how to react to this."

U.S. data on Wednesday indicated a greater-than-expected drop in capital goods spending. The slumping of First Republic Bank further influenced the weak risk sentiment in the banking sector, which weighed down oil prices.

Analysts highlight poor refinery margins as a key factor in the recent fall of oil prices. Tamas Varga, an oil broker at PVM, named heating and gas oil "the principal potential drivers of this marked weakness."

Varga noted that "Stocks of this product are somewhat resistant to depletion, possibly due to robust Russian exports."

Despite an EU embargo and oil price cap, sources informed Reuters that Russia has ramped up its exports of refined products.

Reduced refinery profit margins could result in run cuts and a subsequent decrease in crude demand, suggested Ole Hansen, head of commodity strategy at Saxo Bank.

The backwardation in the Brent futures curve (LCOc1-LCOc7) has levelled off slightly above $2.00 per barrel, after peaking at $4 a barrel on April 12.

Backwardation, a market scenario where front-month contract prices surpass those of later months, typically suggests a tight supply.

Market participants are waiting for the first quarter data on eurozone GDP growth, due Friday, for potential market direction. The data could influence the European Central Bank's monetary policy decisions in its meeting scheduled for May 4.

Vantage, an ASIC-regulated foreign exchange brokerage, has extended its services to tap into the emerging opportunities in South Africa, a rapidly growing and dynamic region.

Vantage has successfully obtained a derivatives license from the Financial Sector Conduct Authority (FSCA). This authorization permits the company to function as an OTC derivative provider, enabling it to engage in activities such as originating, issuing, selling, or creating a market for OTC derivatives as part of its regular business operations.

Vantage expressed its interest in operating in South Africa due to various factors, including the favorable business environment and the progressive legal framework for international brokerage firms in the country.

To comply with local regulations, Vantage must appoint registered representatives within the country, including at least one key individual and a compliance officer, to effectively manage company affairs. In line with this requirement, Ted Odigie was promoted to Head of Sales for Africa in November. With over 17 years of experience in the financial services industry, Odigie specializes in business development and client management, joining Vantage in August 2021.

Marc Despallieres, Chief Strategy and Trading Officer at Vantage, commented, "We are delighted to have obtained our FSCA license. South Africa has been our target market, and we were determined to offer traders outstanding financial services and products while adhering to the highest regulatory standards."

Forex brokers in South Africa are overseen by the Financial Sector Conduct Authority, which grants approval to firms operating within the jurisdiction. The FSCA issues licenses and has the authority to impose penalties on companies that violate the guidelines of the nation's dual regulatory system.

South Africa boasts a robust and well-structured financial market, making it an attractive destination for brokers seeking expansion. As one of the top ten global capital markets, it attracts thousands of investors. Furthermore, the market in South Africa offers diversity and is not as saturated as other regions like Europe.

In addition to entering the South African market, Vantage recently expanded its service offerings and trading products by introducing Vantage Connect, a liquidity solution catering to institutions and corporates in the UK.

This move into the B2B market aligns with the current challenges faced by institutional and professional traders when accessing the wholesale foreign exchange price-matching community through a prime brokerage model. Vantage's strategic expansion in the institutional segment aims to meet the growing demand for customized trading solutions.

FP Markets, a prominent broker in Australia specializing in Forex and CFDs, was recently honored with the esteemed title of 'Best CFD Broker in Africa' at the renowned FAME Awards in 2023. This prestigious award serves as a testament to the company's remarkable growth and increasing influence within the African CFD market.

In a grand ceremony held on May 10, 2023, at the renowned Sandton Convention Centre in Johannesburg, South Africa, the Finance Magnates Africa Summit (FMAS23) showcased the best-known names of the financial sector. It was during this event that FP Markets, a leading broker, was honored with the esteemed title of 'Best CFD Broker in Africa.' The award celebrated excellence and innovation within the industry, bringing together prominent figures from the financial world.

This remarkable achievement marks FP Markets' first award in Africa for 2023, following a remarkable string of awards in 2022. These included the unprecedented fourth consecutive win of the 'Best Global Forex Value Broker' title and recognition as the 'Best Forex Broker in Europe.' Notably, this award aligns with FP Markets' regulatory approval by South Africa's Financial Sector Conduct Authority (FSCA) in 2022, solidifying the company's ongoing commitment to delivering an exceptional product and customer experience while maintaining robust regulatory standards across its global operations.

Craig Allison, the Chief Executive Officer of FP Markets, expressed his thoughts on the company's recent award, stating, "Being recognized as the Best CFD Broker in Africa is a significant milestone for our team. This award not only marks our first achievement on the African continent but also showcases our global presence in the Forex and CFD market. Our advanced technology, consistently tight spreads, and award-winning customer support have enabled us to deliver top-notch service to our clients in this dynamic region. Receiving this recognition is a testament to the dedication of our team, and we are excited to expand our footprint in Africa and strengthen our position as the preferred CFD broker for traders worldwide."

FP Markets provides traders with an extensive selection of over 10,000 trading instruments, granting them access to a diverse range of CFDs encompassing Forex, Indices, Commodities, Stocks, ETFs, Bonds, and Cryptocurrencies. This vast offering positions FP Markets as one of the industry's leaders. The broker offers leading trading platforms, including MT4, MT5, cTrader, and Iress, ensuring traders have access to cutting-edge technology.

About FP Markets:

• With more than 18 years of industry experience, FP Markets stands as a multi-regulated broker specializing in Forex and CFDs.
• The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
• Traders can choose from the leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, and Iress.
• The company's outstanding 24/7 multilingual customer service has been recognized by Investment Trends and awarded the ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
• FP Markets has been awarded the ‘Best Global Forex Value Broker’ for four consecutive years (2019, 2020, 2021, 2022) at the Global Forex Awards.
• FP Markets has been awarded the ‘Best Forex Broker – Europe’ and the ‘Best Forex Partners Programme – Asia’ at the Global Forex Awards 2022.
• FP Markets has been awarded ‘Best Trade Execution’ at the Ultimate Fintech Awards 2022.

For more information on FP Markets' comprehensive range of products and services, visit www.fpmarkets.com.

As the foreign exchange market continues to grow, there has been a surge in client demand for greater choice and flexibility. In light of this, FP Markets has taken steps to enhance its range of exotic currency pairs. Traders and investors can now engage in trading activities involving the Mexican Peso (MXN), Brazilian Real (BRL), and South African Rand (ZAR) against the US Dollar. This expansion has significantly increased the number of currency pairs available for trading at FP Markets, surpassing 70 in total. By bolstering its comprehensive selection of CFD products, which already includes Commodities, Shares, Indices, Digital Currencies, Bonds, and ETFs, FP Markets aims to cater to the diverse needs of its clientele.

FP Markets now offers the newly added currencies through its MT4 and MT5 Trading Platforms. Traders can access a comprehensive list of these currencies by visiting the dedicated page provided by FP Markets.

FP Markets' CEO, Craig Allison, expressed his thoughts on the launch of the additional currencies, stating that it is a significant step in the company's efforts to enhance its Forex offering and provide traders with more diverse options in the FX market. He emphasized that in addition to the already extensive selection of currency pairs, clients can now access the Mexican Peso (MXN), Brazilian Real (BRL), and South African Rand (ZAR) as base currencies against the US Dollar. This expansion allows traders to diversify their portfolios and take advantage of the growth potential offered by emerging markets.

FP Markets, founded in 2005, is a reputable brand that operates under multiple regulations. It offers a wide range of trading options to clients, with over 10,000 tradable instruments spanning various key asset classes. FP Markets ensures competitive pricing by aggregating rates from several esteemed liquidity providers. Moreover, the company prides itself on consistently offering tight spreads, ensuring rapid execution of trades, and providing unmatched 24/7 multilingual customer support. To accommodate diverse trading strategies and styles, FP Markets offers a variety of Account types.

About FP Markets

• FP Markets is a Multi-Regulated Forex and CFDs Broker with over 18 years of industry experience.
• The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
• Traders can choose from the leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, and Iress.
• The company's outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
• FP Markets has been awarded the ‘Best Global Forex Value Broker’ for four consecutive years (2019, 2020, 2021, 2022) at the Global Forex Awards.
• FP Markets has been awarded the ‘Best Forex Broker – Europe’ and the ‘Best Forex Partners Programme – Asia’ at the Global Forex Awards 2022.
• FP Markets has been awarded ‘Best Trade Execution’ at the Ultimate Fintech Awards 2022.
• FP Markets crowned ‘Best CFD Broker in Africa’ at FAME Awards 2023

To explore FP Markets' extensive range of products and services in detail, visit the official website at www.fpmarkets.com.

Orbex, a prominent forex and CFD broker that adheres to multiple regulations, has unveiled the introduction of its latest offering: the ZERO Spread Trading Account. This account type will cater to new traders who sign up before September 30th, 2023, for a limited duration. By commencing with spreads, fees, and swaps at zero levels, coupled with a fixed commission fee of $1 per side lot, Orbex aims to offer traders unparalleled trading conditions.

Orbex provides traders with the ability to engage in leveraged CFD trading, granting them direct access to a wide range of underlying assets. These assets encompass forex pairs, major company stocks, global indices, metals, energies, futures, cryptocurrencies, and agricultural products. Considering the prominence and popularity of the forex market, traders often encounter significant trading expenses such as spreads, swaps, commissions, and withdrawal fees, which can limit their potential profits and cause frustration. To address this issue, Orbex has introduced the ZERO Spread Trading Account, designed to offer traders the lowest possible costs and a range of advantageous conditions. This allows traders to optimize their trading portfolios and maximize their potential gains.

Exclusively offered to new traders at Orbex for a limited duration, the newly introduced Orbex ZERO Spread Trading Account allows traders to access Orbex's most favorable terms yet. The conditions include:

• Raw forex spreads starting from 0.0 pips
• Zero swaps applied to overnight positions
• 0% withdrawal fees for all payment methods
• Up to 500x leverage available for forex and gold trading
• A mere $1 commission per side lot for FX trading
• Exceptional execution speeds without requotes
• No commissions are charged on all US shares

Orbex offers a comprehensive range of conditions and services to enhance the trading experience for its clients. These include 24/5 expert support, negative balance protection, and daily market analysis by a world-renowned research team. Moreover, Orbex extends unlimited access to its exclusive Trading Central suite for all active traders. This suite encompasses a robust set of market-scanning tools and expert analytics, empowering traders to identify emerging trading opportunities and enhance their trading strategies effectively. With these powerful resources at their disposal, traders can stay ahead of the market and make well-informed trading decisions.

For opening an Orbex Zero Spread Trading Account or to learn more about it, click here.

About Orbex

Established in 2011, Orbex Global Ltd stands as a prominent global investment services firm, renowned for its exceptional forex and CFD trading services. Recognized for its competitive conditions, Orbex offers a range of award-winning trading solutions. The company's unwavering commitment lies in providing clients with access to cutting-edge trading and investing resources. This commitment is further reinforced through comprehensive educational offerings, expert research tools, and continuous support, enabling clients to navigate the complexities of the global financial markets with confidence.